Shiba Inu was launched on August 1, 2020, and was a novice and obscure cryptocurrency. It barely received any attention during its launch and was just another meme coin that mushroomed in the markets. SHIB gained steam after it labeled itself the ‘Dogecoin Killer’ and competed for the top spot in the meme segment. Weeks later, it gained recognition from traders as the new ‘Dogecoin Killer’ label attracted them towards the meme currency. The dog-themed token basically just piggybacked itself to fame by using the Dogecoin name to its benefit.
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How An Investor Missed Making $120 Million in Shiba Inu
YouTube’s cryptocurrency influencer ‘Zero Waiting’ was among the first ones to document Shiba Inu’s rise in 2020-2021. He made several videos back then showing how SHIB dramatically surged in volume, rewarding early investors. How videos put SHIB in the spotlight, and the token gained widespread attention among the investor community. The influencer had himself invested in the dog-themed token and took home a big sum riding the bull run. He also suggested the token to his friends and invested in it when the sun was shining.
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In one of his videos, Zero Waiting reveals that a friend of his invested $2,000 in SHIB after his recommendation. The investment went from $2,000 to $20,000 in an hour, and by the end of the day, it turned into $40,000. That’s mild-blowing returns in a day as it surged 1,900% in 24 hours. The influencer revealed that his friend got so excited with the profits that he sold all his Shiba Inu tokens, booking $40,000 in profits.
Little did they know that Shiba Inu would surge 88,000,000% (88 million percent) in 2021 alone. A few months after the influencer’s friend booked $40,000 in profits, SHIB soared in value to the moon and beyond. If he had held on to the investment and sold it in October 2021 when it reached its ATH, he would have made $120 million. Watch the video below where Zero Waiting explains the ordeal that took place in 2021.
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